In a world of technological advancements that can lead to a serious case of consumer information overload, two mobile technologies are emerging as the front-runners in the race to successful shopper engagement: Bluetooth Low Energy (BLE), also known as Beacons, and Near-field communications (NFC). Both technologies are capitalizing on emerging consumer behaviors that includes a dramatic uptick in the amount of… Read More
Video may have killed the radio star, but has e-commerce done the same to your local retail establishment? Will the rise of everything from Amazon to Zappos take down the bookstore up the street, your local shoe store? Don’t bet on it. While the much-touted demise of good ‘ole fashioned “bricks and mortar” stores makes for good headlines, it’s not actually based in fact. According to JLL’s Cross Sector Outlook released… Read More
Are store closings and retailers shrinking footprints leading to the downfall of the retail industry? Don’t bet on it. T-Mobile and JLL Retail’s CEO Greg Maloney weigh-in along with ICSC’s Jesse Tron who says, closing underperforming stores is business as usual for many retailers during this time. It’s nothing more than the retail life cycle in action. Last year the industry added a net of over 1,000 new retail establishments.
Retailers and mall owners have their in-store sales strategies centered right on Millennials, the generation ages 18 to 34. This fast-growing consumer segment totals 80 million Americans who spend approximately $600 billion annually. Knowing how to attract Millennials’ money is the name of the game for retailers and retail owners… Read More
JLL’s Retail experts today announced the firm has been retained by DeBartolo Development to provide pre-opening management services for Ka Makana Ali‘i, in addition to managing the center upon completion. The shopping center is located in Kapolei, West O‘ahu, which is the fastest growing area in Hawai‘i. The $500-million project is set to be built on 67 acres of Department of Hawaiian Home Lands at the intersection of Kapolei and Kualaka‘i Parkways,… Read More
Carnival, Copacabana and Caipirinha’s lure millions of tourists each year to Brazil, but today more than just the lodging market is booming. The retail market’s unprecedented growth is piquing the interest of investors and retailers’ seeking expansion and looking to rebalance their portfolios, according to JLL Research, launched today at the International Council of Shopping Centers (ICSC) retail real estate conference (RECon)… Read More
On behalf of Gregory Greenfield & Associates, Ltd., JLL’s today announced the firm is marketing for sale three regional malls. The Central Malls are located in the United States’ southern region, and are being offered on an individual basis or as a portfolio. The portfolio is currently 98.3 percent occupied.
“The Central Malls have been a part of the GG&A portfolio for nearly ten years, and have become the dominant shopping and… Read More